Mary Jo White

President-elect Donald Trump will nominate Wall Street lawyer Jay Clayton to head the Securities and Exchange Commission, according to Sean Spicer, a spokesman for Trump's transition team.

As chair of the SEC, which polices Wall Street and the financial markets, Clayton would play a key role in Trump's efforts to usher in a period of deregulation, including undoing parts of 2010's financial reform legislation, known as the Dodd-Frank Act.

If confirmed by the Senate, Clayton would replace Mary Jo White, who announced shortly after the election that she would step down.

White, a former federal prosecutor, is known for a no-nonsense style and beefed up the agency's...

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President-elect Donald Trump will nominate Wall Street lawyer Jay Clayton to head the Securities and Exchange Commission, according to Sean Spicer, a spokesman for Trump's transition team.
As chair of the SEC, which polices Wall Street and the...

Mary Jo White, the head of the Securities and Exchange Commission, announced Monday that she will step down nearly three years before the end of her term, clearing the way for President-elect Donald Trump to reshape the way Wall Street is regulated.
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